[ING PILGRIM LETTERHEAD]
November 7, 2000
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Pilgrim Mutual Funds
(File Nos. 33-56094 and 811-7428)
Pilgrim Bank and Thrift Fund, Inc.
(File Nos. 333-33445 and 811-4504)
Pilgrim Government Securities Income Fund, Inc.
(File Nos. 02-91302 and 811-4031)
Pilgrim Investment Funds, Inc.
(File Nos. 02-34552 and 811-1939)
Pilgrim Advisory Funds, Inc.
(File Nos. 33-91706 and 811-9040)
Dear Sir or Madam:
On behalf of the above mentioned Registrants, we hereby certify, pursuant
to Rule 497(j) under the Securities Act of 1933, that (i) the form of the
Prospectus and Statement of Additional Information that each Registrant would
have filed pursuant to Rule 497(c) would not have differed from those filed on
November 1, 2000 as part of each Registrant's most recent registration
statement, and (ii) the text of each Registrant's most recent registration
statement was filed electronically on November 1, 2000.
If you have any questions concerning the attached filing, please do not
hesitate to contact the undersigned at (480) 477-2115.
Very truly yours,
/s/James M. Hennessy
James M. Hennessy
Executive Vice President & Secretary
